Small-Business Owners Eye 2023 Warily, Online Prices Continue to Fall
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Loading... - Candela Mia
- 09 Mar 2023
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Small-business owners expect a tough 2023, even as inflation has subsided somewhat, the National Federation of Independent Business said on Tuesday.
The organization’s monthly Small Business Optimism index fell 2.1 points in December, to 89.8 compared to 91.9 in November.As was the case a month earlier, inflation remained the top concern with nearly a third, or 32%, reporting it as such. However, at the same time, the percentage of business owners saying they were raising prices fell by 8 points.
“Overall, small business owners are not optimistic about 2023 as sales and business conditions are expected to deteriorate,” NFIB Chief Economist Bill Dunkelberg said. “Owners are managing several economic uncertainties and persistent inflation and they continue to make business and operational changes to compensate.” Read More..
